Marble Construction estimates that its WACC is 8% if equity comes from retained earnings. However, if the company issues new stock to raise new equity, it estimates that its WACC will rise to 8.9%. The company believes that it will exhaust its retained earnings at $2,400,000 of capital due to the number of highly profitable projects available to the firm and its limited earnings. The company is considering the following seven investment projects: Project Size IRR 13.8% A $700,000 1,070,000 13.4 C 1,050,000 8.6 D 1,250,000 9.3 470,000 8.7 F 700,000 8.2 710,000 G 9.7 Assume that each of these projects is independent and that each is just as risky as the firm's existing assets. Which set of projects should be accepted? Project A -Select Project B Select- -Select Project C Project D -Select- Project E Select- Project F -Select -Select Project G What is the firm's optimal capital budget? Round your answer to the nearest dollar